Sasol Limited Company News

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Sasol's $13B US Mistake Costs Co-CEOs Their Jobs
Monday, October 28, 2019 Sasol fired its co-CEOs Bongani Nqwababa and Stephen Cornell after an investigation found serious mismanagement in the development of a $13 billion chemicals plant in the U.S.

Big Oil Plans to Unleash a Flood of Plastic From US Gulf
Wednesday, July 10, 2019 The world's biggest oil and chemical companies are about to unleash a tidal wave of plastic raw materials by the mid-2020s.

Louisiana Petchems Project Hits Milestone
Tuesday, March 19, 2019 Sasol's petrochemical complex in Westlake, La. PHOTO SOURCE: Business Wire

Sasol Ups Cost of Lake Charles Project
Friday, February 08, 2019 The facility's price tag has gone up by 4.2 to 6 percent.

Sasol Mulls Refinery Sale Due to Cleaner Fuel Policy
Monday, August 20, 2018 Sasol is looking at options including the possible sale of a refinery due to the country's pending cleaner fuel standards.

Union Cleared To Strike Over Black Employees' Scheme At S. Africa's Sasol
Thursday, June 14, 2018 South African government mediators cleared the Solidarity trade union to strike in a dispute with Sasol.

Statoil Quits Talks Over Stake In Mozambique Offshore Gas Block
Monday, January 29, 2018 Statoil pulls out of negotiations to take a 25.5% stake in a gas block off Mozambique.

Sasol Shifts Strategy, Evaluates Chemical Business Split
Wednesday, November 29, 2017 Sasol will consider carving out a separate company from its expanding chemicals business.

Sasol Plans More Hiring for Louisiana Project
Thursday, October 12, 2017 Company hits milestone for $11 billion ethane cracker and derivatives project.

Sasol Tempers Return Expectations for $11 Billion Project
Monday, August 21, 2017 Sasol lowered estimated returns at its $11 billion Lake Charles chemicals project in the US and said it's disputing a revised tax bill in South Africa.

Natref Refinery To Reach Full Output This Weekend After Disruption
Friday, August 04, 2017 South Africa's 108,000 barrel-a-day Natref refinery, operated by Sasol and Total will reach full output this weekend.

Falcon Updates on Drilling Ops at Amungee NW-1H Well in Beetaloo Basin
Friday, September 30, 2016 Falcon Oil and Gas (O&G) updates on hydraulic stimulation of the Amungee NW-1H well in Beetaloo Basin in Australia's Northern Territory.

South Africa's Sasol: No Impact on its Refineries from Strike
Thursday, July 28, 2016 South African oil firm Sasol says there is no impact on its oil refinery or coal-to-liquid plant after a union went on strike over wages.

South Africa Oil Workers' Strike Could Hit Refineries
Wednesday, July 27, 2016 South African energy workers plan to strike indefinitely from Thursday over pay, according to a union.

Falcon O&G Provides Update on Drilling Ops in Beetaloo Basin in Australia
Tuesday, July 26, 2016 Falcon Oil & Gas provides update on drilling operations in the Beetaloo Basin in Australia's Northern Territory.

Amec Foster Wheeler Secures Sasol Services Contract
Monday, June 13, 2016 Amec secures a detailed design and engineering contract with Sasol Petroleum Mozambique Limitada for Phase 1 Tranche 1 of the PSA development for surface facilities in Temane, Mozambique.

Sasol Set for Its Biggest Decline Since 1998 on Writedowns
Monday, June 06, 2016 Sasol Ltd. was set for the biggest decline in more than 17 years after saying fiscal full-year profit will drop by as much as 30 percent following writedowns.

Falcon Outlines Drilling Plans for its Australia's Beetaloo Basin Assets
Friday, April 29, 2016 Falcon Oil & Gas outlines plans for drilling at its Beetaloo Basin assets in Australia's Northern Territory.

Falcon Prepares for Australia's Beetaloo Basin Drilling & Testing Program
Thursday, March 10, 2016 Falcon Oil & Gas prepares for the 2016 Beetaloo drilling and testing program for in Australia.

Africa-Focused Energy Companies Prioritize Cost Savings
Monday, March 07, 2016 Sasol and Tower Resources reveal their intentions to prioritize cost savings in 2016 amid the low oil price environment.

Falcon Reports Excellent Gas Shows at Amungee NW-1H Well in Beetaloo Basin
Thursday, November 19, 2015 Falcon Oil & Gas says excellent gas shows were encountered during drilling of the Amungee NW-1H well in permit EP98 in the Beetaloo Basin in Australia's Northern Territory.

Origin Spuds Amungee NW-1 Well in EP98 in Australia's Beetaloo Basin
Wednesday, September 09, 2015 Origin Energy spuds the Amungee NW-1 well in exploration permit EP98 in the Beetaloo Basin, Northern Territory, Australia.

Sasol's CEO and President to Step Down in May Next Year
Monday, June 08, 2015 Sasol CEO David Constable will step down form the South African oil firm next May.

Falcon O&G and Partners Prepare for Drilling Program in NT's Beetaloo Basin
Thursday, April 30, 2015 Falcon Oil & Gas and partners prepare for a drilling program in the Beetaloo Basin permits in Australia's Northern Territory in mid-2015.

Sasol Eyes Angola, Ghana and Tanzania Opportunities
Monday, September 08, 2014 South Africa's Sasol is eyeing potential expansion into Angola, Ghana and Tanzania but Mozambique remains its immediate focus, says its chief executive.

Origin, Sasol Ink Deal to Farm-in to 3 Permits in NT's Beetaloo Basin
Monday, May 05, 2014 Origin Energy and Sasol ink deal to farm-in to three exploration permits in Beetaloo Basin in Australia's Northern Territory with Falcon Oil & Gas Australia.

Sasol Considers Selling PNG Assets
Friday, April 05, 2013 Sasol says it is mulling the sale of its natural gas exploration assets in Papua New Guinea.

Sasol Acquires Additional Stake in Canada Shale Gas
Tuesday, March 08, 2011 Sasol said it is deepening its strategic relationship with Talisman by purchasing $1.08B in Canadian shale gas assets.

Talisman to Sell Slice in Canadian Shale for $1.04B
Monday, December 20, 2010 Talisman will sell a 50% working interest in its Farrell Creek assets to Sasol for a total consideration of C $1.05 billion ($1.04B).

Etame Oil Production Commences
Thursday, December 09, 2010 VAALCO Energy today provided an update on its horizontal development well (ET-7H) in a known separate fault block in the Etame field and on its exploration well (ETOMG-1) on the Omangou prospect, both wells located offshore Gabon.

Sasol Spotlights Senior Executive Appointments
Wednesday, September 29, 2010 Sasol announced the promotion of Mr. Maurice Radebe, current managing director (MD) of Sasol Oil, to the Sasol Group Executive Committee.

Sasol Seals Exploration Deal in Mozambique
Wednesday, September 22, 2010 Sasol has signed an agreement to explore for gas in concession Area A covering approximately 8370km2 onshore Mozambique.

Sasol, Petronas Add Interest Offshore Mozambique
Tuesday, August 24, 2010 Sasol and PETRONAS announced the joint assignment of a 15% participating interest in the M-10 Block, offshore Mozambique to Empresa Nacional de Hidrocarbonetos (ENH).

Sasol, Statoil, Chesapeake Form JV to Explore Karoo Shale
Monday, July 19, 2010 Sasol announced the award of a joint application with Statoil and Chesapeake for an onshore petroleum Technical Cooperation Permit in South Africa

Finder Farms-Out AC/P-52 Interest to Sasol
Tuesday, January 12, 2010 Finder Exploration has entered into a farm-out agreement which provides for Sasol Petroleum Australia Limited to earn 45% in exploration permit AC/P 52.

VAALCO Buys More Time for Etame Permit Off Gabon
Tuesday, December 01, 2009 VAALCO Energy has successfully negotiated an extension to its Etame Marin Exploration Permit offshore Gabon three years beyond the original expiration date of July 2011.

Sasol Signs on with Statoil, Chesapeake for South African Exploration Right
Wednesday, November 25, 2009 Sasol has announced joint application with Statoil ASA and Chesapeake Energy Corporation for onshore petroleum Exploration Rights in South Africa.

Sasol Pleased with Njika-1 Results
Thursday, November 20, 2008 Sasol completed the Njika-1 exploration well on Block 16/19 offshore Mozambique. Located in 460 meters of water, the well indicated the presence of gas and is currently being tested to determine commerciality.

Sasol Teams Up with Petronas for Exploration Offshore Mozambique
Monday, November 03, 2008 Sasol and Petronas have entered a strategic partnership covering an offshore hydrocarbon exploration program in Mozambique in Blocks 16 & 19, where drilling commenced in early October.

Sasol Grabs 51% WI in 4 Papua New Guinea Licenses
Wednesday, September 03, 2008 Sasol Petroleum International obtained a 51% working interest in four hydrocarbon prospecting licenses covering a land area of 37,000 square kilometers, close to established gas fields in the foreland area of Papua New Guinea.

Sasol Nabs 30% Interest from JV's Exploration Permit Offshore Australia
Tuesday, August 12, 2008 Oilex advised that the Joint Venture entered into a Farmout Agreement under which each party will assign a 6% participating interest in the Exploration Permit WA 388P to Sasol Petroleum Australia Ltd.

Sasol, ENH Ink Rig,Towing Contracts for Mozambique Project
Wednesday, July 16, 2008 Sasol and ENH have announced the finalization of drilling and towing contracts to pursue its hydrocarbon exploration project in offshore Mozambique. Drilling operations will start during the third quarter of 2008.

OGEC Cracow Expands into Kazakhstan, Latvia and Africa
Tuesday, May 20, 2008 Oil & Gas Exploration Company Cracow Ltd., a member of PGNiG SA Capital Group, has signed new contracts in Asia, Africa and Europe.

Petrofac's SPD Lands Mozambique Subsea Contract Worth Millions
Thursday, January 24, 2008 The multi-million dollar contract, signed by both parties this week, and which has a minimum estimated duration of three years, includes a drilling program of two firm and four optional wells.

Harvest Natural Resources Acquires Interest in Gabon Exploration Block
Thursday, December 13, 2007 Harvest Natural Resources has executed a sale and purchase agreement to acquire a 50% operated interest in the Dussafu Marin Exploration Production Sharing Contract.

BJ Services Wins Sasol Contract
Thursday, April 12, 2007 BJ Services Company has been awarded a contract by SASOL Petroleum Temane Limitada (SPT), a division of SASOL Petroleum International (SPI), to provide cementing and filtration services in Mozambique.

VAALCO Energy Begins Avouma Production
Tuesday, January 16, 2007 VAALCO Energy says that oil production has begun from the Avouma Field off the coast of Gabon in West Africa.

Sasol Wins Exploration License Offshore Mozambique
Tuesday, November 07, 2006 Sasol on Tuesday welcomed the Mozambican Ministry for the Coordination of Environmental Affairs' conditional approval of an independent environmental impact assessment (EIA) report.

ExxonMobil Makes Deepwater Discovery Offshore Nigeria
Tuesday, May 16, 2006 ExxonMobil's subsidiary, Esso Exploration and Production Nigeria Deepwater West, has drilled an oil discovery in OPL 214 approximately 70 miles offshore Nigeria.

Petrobras Acquires Stake in Block L Offshore Equatorial Guinea
Wednesday, January 11, 2006 Petrobras says that the Government of Equatorial Guinea has approved its acquisition of a 50% participating interest in a production sharing contract covering Block L.